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TRY fades some of it early gains

TURKISH LIRA

Small pullbacks off the lows in USDTRY, after the Lira gained some ground earlier this morning.

  • Bloomberg: Turkey cut tax on individual FX purchases, Lira deposits, withholding tax on new or renewed lira deposit accounts until year-end.
  • Next stop at the top of the hour sees Turkey Trade Balance.
  • USDTRTY is 7.7640

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